Five XRP charts suggest a short-term price rally to $2.80 is next

XRP has rebounded significantly from its recent lows, with several technical and on-chain signals pointing toward a potential short-term price rally targeting $2.80. The four-hour chart displays a bullish pennant pattern, which, if confirmed by a close above $2.22, targets $2.80, a 25% increase. Additionally, a V-shaped recovery pattern on the daily chart aims for $2.70 if bulls can break the key supply zone between $2.30 and $2.63. Momentum indicators like the RSI and MACD are also showing strengthening upward signals. Supporting the bullish outlook is a significant decline in XRP supply held on exchanges—over 45% in 60 days—indicating holders are not intending to sell. Furthermore, the 90-day spot taker Cumulative Volume Delta (CVD) is positive, showing buy orders are dominating sell orders, suggesting sustained demand. This demand is further bolstered by US-based spot XRP ETFs recording nine consecutive days of inflows, totaling $643 million in cumulative inflows.

(Source：Cointelegraph)